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Big Boost For American Pundi X Merchants As They Can Sell Crypto Via PayPal

In a major boost for American merchants, Singapore-based blockchain firm Pundi X has allowed PayPal support for its point-of-sale device ‘Xpos.’ It thus becomes the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries can now accept funds via the payments processor.

It is understood that the establishment will take place over two stages with US based merchants who use Xpos will be allowed to apply PayPal-based transactions from July 1. 

Within weeks PayPal is expected to be integrated to complete the roll-out.

In a Twitter poll asking followers which mobile payment app they would like Xpos to support first, PayPal received almost 70% of votes, beating out WeChat Pay, Alipay, and GoPay, among others, CoinTelegraph reports.

With the specific development, credit card payments to Pundi X’s point-of-sale system, and allows cryptocurrencies to be purchased via PayPal from supporting Xpos merchants.

Pundi X chief executive and co-founder Zac Cheah said that integrations with leading global firms such as PayPal will help drive adoption blockchain-based services and products outside of the crypto community:

“To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream.”.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.